Independence Health Group posts $54.4M 2015 loss; Fairview Health looks to acquire UCare

> Independence Health Group Inc., the parent company of Independence Blue Cross, posted a net loss of $54.4 million in 2015, mainly due to its individual market performance, but the insurer says it does not plan to staying in the Affordable Care Act marketplaces, according to Article

> Fairview Health Services plans to acquire Minnesota-based insurer UCare, a deal the health system says will "combine their provider and payer expertise with a commitment to provide innovative, fully integrated health care for Minnesotans." Announcement

> The Employers Council on Flexible Compensation is looking to repeal the Affordable Care Act's Cadillac tax on high-cost health plans, according to Employee Benefit News. Article

AntiFraud News

> A federal judge in Alabama dismissed the government's charges against a national hospice provider, noting that the opinion of one medical expert is not enough for the government to prove the provider submitted false claims to Medicare. Article

> The Supreme Court has overturned a decision from the Eleventh Circuit Court of Appeals, allowing a home health owner accused of fraud access to $2 million in funds that were frozen by federal investigators. Article

And finally… The coolest young reporter ever. Article

Suggested Articles

The COVID-19 pandemic abruptly changed the healthcare industry and healthcare providers had to adapt quickly to an unprecedented landscape.

CaaS is a library of up-to-date, accurate health information ready to do your bidding. Learn what structured content can do for you.

Federal agencies warn that cybercriminals are escalating their extortion attempts against the healthcare industry even as COVID-19 cases surge.